DDLDingdong (Cayman) Limited
Is the business good?
The checks split: earnings fully cash-backed (4.2×), but returns that lean on debt.
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 22% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is DDL?
Dingdong (Cayman) Limited keeps 0.54% of every revenue dollar as operating profit, against 1.8% for the median Grocery Stores name.
Operating margin · Grocery Stores median 1.8% · fiscal year to FY2025
- Cash conversion
- 4.23×
Cash conversion · 4.56× a year ago · operating cash flow covers the operating profit after tax
| Year | Operating margin |
|---|---|
| FY2020 | −28% |
| FY2021 | −32% |
| FY2022 | −3.3% |
| FY2023 | −0.65% |
| FY2024 | 0.93% |
| FY2025 | 0.54% |
Details›
- Operating marginfiscal year to FY2025
- 0.54%
- Net marginfiscal year to FY2025
- 0.95%
- Free cash flow margin
- 1.5%
- Revenue, trailing twelve months
- $24.4B
- Free cash flow, trailing twelve months
- $358M
- Net income, trailing twelve months
- $232M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Grocery Stores
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